how to appraise

Our medical office is located at a not so good area. Since there is no recent sales, the appraiser used past sales for comparison. We didn't choose good locality because of the high rent, price and traffic. Because of this the seller expects us to pay the downtown price. I found it strange that appraiser can use past sales from a hot area as a comp for a "cold" area. Any advice?

As there has been no sales in the recent times, the appraiser had to consider the past sales while appraising your property. If you don't feel that the appraisal has been proper, then you can contact another appraiser and try to appraise the property.

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